Washington Prime Group Inc. (NYSE:WPG) has been assigned an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Analysts have set a 1 year consensus target price of $9.00 for the company and are expecting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Washington Prime Group an industry rank of 176 out of 265 based on the ratings given to related companies.

Several equities analysts have weighed in on WPG shares. Zacks Investment Research raised Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of Washington Prime Group in a research note on Friday, July 28th. BidaskClub raised Washington Prime Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. ValuEngine cut Washington Prime Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, TheStreet raised Washington Prime Group from a “d+” rating to a “c” rating in a research note on Wednesday, July 26th.

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Shares of Washington Prime Group (NYSE WPG) traded up 0.99% on Monday, hitting $9.19. 613,890 shares of the stock traded hands. Washington Prime Group has a one year low of $7.31 and a one year high of $14.15. The company’s 50 day moving average is $8.57 and its 200 day moving average is $8.72. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 9.99 and a beta of 0.95.

Washington Prime Group (NYSE:WPG) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.06. Washington Prime Group had a return on equity of 17.36% and a net margin of 22.65%. The company had revenue of $189.17 million for the quarter, compared to analysts’ expectations of $197.69 million. During the same quarter in the previous year, the business posted $0.45 EPS. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities analysts forecast that Washington Prime Group will post $1.05 EPS for the current year.

Large investors have recently made changes to their positions in the stock. GAM Holding AG boosted its stake in shares of Washington Prime Group by 0.7% in the second quarter. GAM Holding AG now owns 15,305 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 100 shares during the last quarter. Breton Hill Capital Ltd. boosted its stake in shares of Washington Prime Group by 0.7% in the first quarter. Breton Hill Capital Ltd. now owns 49,994 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 341 shares during the last quarter. State Treasurer State of Michigan boosted its stake in shares of Washington Prime Group by 0.9% in the first quarter. State Treasurer State of Michigan now owns 75,321 shares of the real estate investment trust’s stock worth $655,000 after buying an additional 700 shares during the last quarter. Comerica Bank boosted its stake in shares of Washington Prime Group by 0.6% in the second quarter. Comerica Bank now owns 143,362 shares of the real estate investment trust’s stock worth $1,300,000 after buying an additional 786 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Washington Prime Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 65,082 shares of the real estate investment trust’s stock worth $566,000 after buying an additional 900 shares during the last quarter. 92.46% of the stock is owned by institutional investors and hedge funds.

About Washington Prime Group

Washington Prime Group Inc (WPG Inc), formerly WP Glimcher Inc, operates as a self-administered and self-managed real estate investment trust (REIT). The Company’s primary business is the ownership, development and management of retail real estate within the United States. The Company owns, develops and manages enclosed retail properties and community centers.

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